11 Water St
Damariscotta, ME 04543

$1,050,000

Price

Beds

Baths

2,724 Sq. Ft.

$385 / Sq. Ft.

2,724

Sq. Ft.

$385

per Sq. Ft.

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Description

Built in 1803 as the schoolhouse in Sheepscot Village, Maine, this distinctive property was relocated to the riverfront in Damariscotta in the 1950s. At that time, it was significantly enlarged and with the addition of a steeple, served as the Christian Science Church until 2010. The building was extensively renovated and thoughtfully updated in 2011 to accommodate the restaurant Savory Maine. At that time, the addition of a dormer and two skylights transformed the unfinished attic into a bright...Built in 1803 as the schoolhouse in Sheepscot Village, Maine, this distinctive property was relocated to the riverfront in Damariscotta in the 1950s. At that time, it was significantly enlarged and with the addition of a steeple, served as the Christian Science Church until 2010. The building was extensively renovated and thoughtfully updated in 2011 to accommodate the restaurant Savory Maine. At that time, the addition of a dormer and two skylights transformed the unfinished attic into a bright one-bedroom apartment and the church office became a studio apartment that is a very popular Airbnb. Two expansive waterfront decks were constructed and all of the electrical wiring and plumbing was replaced. Additional upgrades include Airkrete insulation throughout the exterior walls, roof, and between floors, mini-split heat pumps in all units, a full sprinkler system, and a new roof, fascia boards, and gutters. Today, the building offers four separate units--three one-bedroom apartments and one studio--while retaining the flexibility to accommodate a wide range of commercial or mixed-use possibilities. Located adjacent to a large public parking lot, the property enjoys a highly visible and convenient in-town setting in the heart of downtown Damariscotta. Its prime Midcoast location places it within easy reach of destinations such as Pemaquid Point Lighthouse, Pemaquid Beach Park, Boothbay Harbor, and the Camden-Rockport area. With its rich history, extensive upgrades, and exceptional location, this is a rare commercial opportunity well-positioned to attract customers, tenants, or clients for years to come.

Listed by Patti Brown • Newcastle Realty • 207-563-1003

Property Details for 11 Water Street

Waterfront

Yes

ArchitecturalStyle

Federal

Garage

Zoning

C-1

View

Scenic

LISTING UPDATED: 06/05/2026 02:39 PM

Property Details for 11 Water Street

Status	Active
MLS #	1663212
Days on Market	25
Taxes	$8,197 / year
HOA Fees	-
Condo/Co-op Fees	-
Property Type	Multi Family
MLS Type	Multi-Family
Year Built	1803
Lot Size	0.22 AC / 9,583 SF
County	Lincoln County

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Location

Listing Courtesy of Newcastle Realty

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Building Information for 11 Water Street

Stories-Residences4Year Built1803Building Size-Lot Size0.22 AC / 9,583 SF

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$5,915 per month

30 year fixed, 6.36% Interest

Principal and Interest

$5,232

Property Taxes

$683

HOA Dues

The Payment Calculator is for illustrative purposes only.

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Property Information for 11 Water Street

Summary

Location and General Information

Road Surface Type: Paved
Water Body Name: Damariscotta River

Zip Code: 4061
Town: Damariscotta
State/Province: ME
Zip Code: 04543
County: Lincoln
Geo Latitude: 44.031652
Geo Longitude: -69.531105
Tax Lot: 6
Site:Corner Lot: Yes
Site:Open: Yes
Site:Rolling/Sloping: Yes
Location:Business District: Yes
Location:Intown: Yes
Location:Near Shopping: Yes
Transportation:Major Road Access: Yes
Transportation:Public Transport Access: Yes
Water Info:Waterfront Amount +: 70.00
Water Info:Water Frontage Owned: 70.00
Water Info:Water Frontage Shared: .00
Source of Water Frontage:Survey: Yes
Construction: Wood Frame
Road Frontage: true
Water View2: Yes
Tree Growth YN2: false

Parking

Parking Features: Common, 5 - 10 Spaces, On Site
Attached Garage: No

Parking: 5 - 10 Spaces, On Site2

Taxes and HOA Information

Tax Book Number: 4369
Tax Map Number: 6

Tax Year: 2025
Parcel Number: DAMA-000006-000000-000006
Location Information:Association Y/N: No
Tax Annual Amount: $8,197.00

Property

Green Features

Energy Efficiency:Tankless Water Heater: Yes
Energy Efficiency: Tankless Water Heater

Heating and Cooling

Water Heater:Electric: Yes
Water Heater:Gas: Yes

Water Heater:On Demand: Yes
Heat Fuel: Electric
Heat System: Baseboard, Heat Pump

Lot Information

SqFt Finished Below Grade: 360.0
SqFt Finished Above Grade: 2364.0

Lot Size Acres: 0.22
Source of Acreage: Public Records
Building Area Total: 2724.0
Lot Size Area: 0.22
Lot Size Units: Acres
Lot Size Square Feet: 9583.2
Bathrooms Full: 4
Street Number: 11
Property Information:Surveyed: Yes
Property Information:Seasonal: No
Property Information:Owner Occupied: No
Property Information:Deed/Conveyance Type Offered: Warranty
Property Information:Deed: All
Property Information:Total Half Baths: 1.00
Property Information:Color: White
Property Information:Source of Road Frontage: Public Records
Property Information:Other Source of Square Footage: Public Record and Measured

Parking

Driveway:Common: Yes
Driveway: Common2

Property and Assessments

Leased Land: No
Property Type: Multi-Family

Property Type Label: Multi-Family
Year Built: 1803

Utilities

Electric: True
Sewer: Yes

Water Source: Public
Other Equipment: Internet Access Available
Gas:Bottled: Yes
Water Heater: Gas, On Demand
Appliances: Tankless Water Heater
Equipment: Internet Access Available

Interior and Exterior Features

Exterior Features

Construction Materials: Wood Frame, Vinyl Siding
Vehicle Storage:No Vehicle Storage: Yes

Roof: Shingle
Patio and Porch Features:Deck: Yes
Patio and Porch Features:Patio: Yes
StructureType: Post & Beam
Vehicle Storage: No Vehicle Storage
Patio and Porch Features: Deck, Patio
Basement Entry: Interior

Interior Features

Basement: Finished, Full, Walk-Out Access
Flooring: Carpet, Ceramic Tile, Vinyl, Wood

Cooling: Heat Pump
Heating: Electric, Baseboard, Heat Pump
Foundation Details: Poured Concrete
Bathrooms Total (Integer): 5
Bathrooms Total (Decimal): 4.00
Bathrooms Total (Notational): 4.00
Cooling YN: Yes
Heating YN: Yes
Levels: Multi-Level
Furnished: Partially

Multi Family

Income & Expenses Information

Gross Income: $94,421.48
Operating Expenses: $24,858.84

Gross Income: $94,421.48
Operating Expenses: $24,858.84

Multi-Family Information

Number of Units: 4

Unit 1

Unit 1:Lease: Yes
Unit 1:Level: Basement

Unit 1:Security Deposit: Yes
Unit 1:Monthly Rent: $1,600.00
Unit 1:# Full Baths: 1.00
Unit 1:# of Half Baths: 1.00
Unit 1:# of Rooms: 3.00
Unit 1:# of Bedrooms: 1.00
Unit 1:Dedicated Electric Meter: No
Unit 1:Dedicated Gas Meter: No
Unit 1:Dedicated Water Heater: No
Unit 1:Electric: Yes
Unit 1:Heat: Yes
Unit 1:Range: Yes
Unit 1:Refrigerator: Yes
Unit 1:Sewer: Yes
Unit 1:Water: Yes

Unit 2

Unit 2:Lease: Yes
Unit 2:Level: First

Unit 2:Monthly Rent: $2,315.00
Unit 2:# Full Baths: 1.00
Unit 2:# Half Baths: .00
Unit 2:# of Rooms: 2.00
Unit 2:# of Bedrooms: 1.00
Unit 2:Dedicated Electric Meter: No
Unit 2:Dedicated Gas Meter: No
Unit 2:Dedicated Water Heater: No
Unit 2:Electric: Yes
Unit 2:Heat: Yes
Unit 2:Range: Yes
Unit 2:Refrigerator: Yes
Unit 2:Sewer: Yes
Unit 2:Water: Yes

Unit 3

Unit 3:Lease: Yes
Unit 3:Level: First

Unit 3:Monthly Rent: $1,275.00
Unit 3:# Full Baths: 1.00
Unit 3:# Half Baths: .00
Unit 3:# of Rooms: 1.00
Unit 3:# of Bedrooms: .00
Unit 3:Dedicated Electric Meter: No
Unit 3:Dedicated Gas Meter: No
Unit 3:Dedicated Water Heater: No
Unit 3:Electric: Yes
Unit 3:Heat: Yes
Unit 3:Range: Yes
Unit 3:Refrigerator: Yes
Unit 3:Sewer: Yes
Unit 3:Water: Yes

Unit 4

Unit 4:Lease: Yes
Unit 4:Level: Second

Unit 4:Monthly Rent: $2,005.00
Unit 4:# Full Baths: 1.00
Unit 4:# Half Baths: .00
Unit 4:# of Rooms: 4.00
Unit 4:# of Bedrooms: 1.00
Unit 4:Dedicated Electric Meter: No
Unit 4:Dedicated Gas Meter: No
Unit 4:Dedicated Water Heater: No
Unit 4:Electric: Yes
Unit 4:Heat: Yes
Unit 4:Range: Yes
Unit 4:Refrigerator: Yes
Unit 4:Water: Yes

Unit Information

Units:# of 1 BD Units: 4
Units:# of 2 BD Units: 0

Units:# of 3 BD Units: 0
Units:# of 4+ BD Units: 0

Property History for 11 Water Street

Date	Event & Source	Price	Appreciation
May 25, 2026	Listed (Active) Maine Listings #1663826	$1,050,000	—
May 20, 2026	Listed (Active) Maine Listings #1663212	$1,050,000	—

Date	Event & Source	Price
05/25/2026	Listed (Active) Maine Listings #1663826	$1,050,000
05/20/2026	Listed (Active) Maine Listings #1663212	$1,050,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 11 Water Street

Taxable ValueLand$223,300Additions$166,500Total$389,800

Tax Record2025$8,197 ($683 / month)

Home Facts

Total Finished SqFt2,364 SqFtAbove Grade Finished SqFt2,364 SqFtStories1Lot Size9,583 SqFtStyleRestaurantYear Built1930Year Renovated2011ZoningRBCountyLINCOLNAPNDAMA M:006 L:006

Schools near 11 Water Street

This home is within Great Salt Bay Community School District.


Rating	School	Type	Grades	Distance
8/10	Great Salt Bay Community School	Public - Serves this home	PK to 8	1.5 mi
NR	Lincoln Academy	Private - Nearby school	9 to 12	0.8 mi


Rating	School	Distance
8/10	Great Salt Bay Community School PublicPK to 8 Serves this home	1.5 mi
NR	Lincoln Academy Private9 to 12 Nearby school	0.8 mi

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 11 Water Street, Damariscotta, ME 04543

11 Water Street is a multi-family home for sale in Damariscotta, ME 04543. This property was listed for sale on May 20, 2026 by Newcastle Realty, it's currently listed at $1,050,000. This listing's school district is Great Salt Bay Community School District. Nearby schools include Great Salt Bay Community School and Lincoln Academy. 11 Water Street is a 3-bed, 5-bath, 2,724 sqft multi-family home built in 1803.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Newcastle Realty

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved.

11 Water StDamariscotta, ME 04543

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More information about 11 Water Street, Damariscotta, ME 04543

11 Water St
Damariscotta, ME 04543